Creating a Private Foundation: The Essential Guide for Donors and Their Advisers

Imagine all you'd like to accomplish with your philanthropy. Now
picture a large portion of your resources never reaching their
intended use due to poor strategies, mismanagement, or unnecessary
taxes.

Today the opportunities in the philanthropic sector are greater and
more varied than ever. Private foundations, which offer several
estate and tax-planning advantages as well as unparalleled donor
control, have become the vehicle of choice for more than sixty
thousand individuals and families--and may be ideal for
you.

Creating a Private Foundation introduces the issues you need
to understand and gives the big picture on how foundations work. It
tells you exactly what is involved for you, for the causes you care
about, for your finances and taxes, and for your heirs.

Chapters address the practicalities as well as the implications of
founding, funding, organizing, and operating an effective
foundation, including growing its endowment, allocating its assets,
and selecting professional foundation management help. Roger Silk,
James Lintott, and their colleagues, leaders in the foundation
consulting arena, have pooled their wisdom in this comprehensive
guide for donors and your advisers. If you're looking to make
a difference, there is no better guide.

Roger D. Silk, PhD, CFA, is chief executive officer of
Sterling Foundation Management, LLC. A leading expert in the field
of private foundations, he has written articles that have appeared
in magazines such as Estate Planning, Philanthropy, Trusts and
Estates, Investment Advisor, Journal of Financial Planning, and
the Journal of Personal Financial Planning. He is currently
a director of several charitable organizations, including the
George Mason University Foundation.

James W. Lintott, Esq., is chairman of Sterling Foundation
Management, LLC. Previously, he was head of one of the
nation’s largest private foundations. Mr. Lintott serves on
the boards of a number of nationally known charities, including the
Children’s National Medical Center in Washington, DC.

Christine M. Silk, PhD, has written on a wide variety of
subjects, and her work has appeared in numerous magazines and
newspapers.

Andrew R. Stephens is an attorney with extensive experience
in foundations.

"Noteworthy for its comprehensive nature and excellent resource
section . . . advisers will find throughout the book examples
of successes, challenges, and perspectives of real foundations.
These types of stories are useful in discussing the workings of
private foundations with clients or prospects."
- NAPFA Advisor, August 2003

Featured in The Chronicle of Philanthropy,
9/4/2003

"Philanthropy is a vital activity, and there's never enough money
to do all the good that needs to be done. In Creating a Private
Foundation, Roger Silk and Jim Lintott clearly explain a number
of different giving strategies--both tax and philanthropic--to help
donors make their limited resources go farther. I highly
recommend it."- Ace GreenbergFormer Chairman, Bear Stearns

"If you are a donor to charity or if you advise donors, you must
have this book. You’ll learn more than most experts know,
and you’ll be empowered to have far more impact than
you’d ever have thought possible."
- Mark Victor HansenCocreator, #1 New York Times best-selling series Chicken
Soup for the SoulCoauthor, The One Minute Millionaire

"This book is a great guide for those interested . . . in
charitable foundations. Every donor should study it."- Vernon Smith2002 Nobel Prize Winner in
Economics

"This guide provides just the right information to help you
create and effectively manage your foundation--and does so
in an interesting and very readable way. The authors have
clearly been listening to their clients and do an excellent job of
anticipating the questions you will have about your foundation.
They share their breadth of experience and have organized the
information to be most helpful. You will refer to this book over
and over again as an important resource for your philanthropic
giving."
- Charlie Haines, CFPPresident, Charles D. Haines, LLC

"This comprehensive and compelling guide effectively
describes why and how a grants-making foundation can be an
extremely helpful vehicle for donors who want to make a unique and
lasting difference."
- Gordon GundChairman, The Foundation Fighting Blindness

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